$51,667 plus 45c for each $1 over $180,000įor a free tax calculator (with download link) click here You are still required to file returns and enter a valid Exemption Certificate Number.This tax table reflects the tax scale applying from 1 July 2020 to 30 June 2021 for the ATO’s 2021 personal individual tax rates. What if I am exempt from Individual Income Tax? Education Policy with a maturity period of at least ten years.Insurance relief applies to the following policies 28,800 per annum ( Kshs.2,400 per month) with effect from 25th April, 2020.Įvery resident individual is entitled to an insurance relief of 15% of the amount of premiums paid for self, spouse or child.
Penalty on late payment: 5% of the tax due and a late payment interest of 1% per month on the unpaid tax until the tax is paid in full.Ī tax relief is an incentive that reduces the amount of tax that a person has to pay.Įvery resident individual is entitled to a personal relief of Ksh. Penalty on late filing: Whichever is higher between, 5% of the tax due or Kshs. What is the penalty for late filing and paying?ĭate: Individual Income Tax Returns should be filed on or before 30th June of the following year.
#Current tax brackets registration
The Account Number is the Payment Registration number quoted at the top right corner of the generated payment slip. You can now file a NIL return using the new KRA M-service App.Īfter filing the return online via iTax, generate a payment slip and present it at any of the appointed KRA banks to pay the tax due.
#Current tax brackets how to
Watch this tutorial on how to file Nil returns on the iTax portal. If you have no income to declare, you are required to file a NIL return. Here is a quick and easy to follow step by step guide on how to file your income tax returns with Employment income only. Submission of income tax returns is an online process done via iTax. You can file your Individual Income Tax Returns for a particular year of income, anytime between 1st January to 30th June of the following year. If you have other sources of income besides employment, watch this tutorial on how to file your income tax returns How do I file for Individual Income Tax Returns?Īn individual income tax return is a declaration of income earned by an individual within a particular year.Įvery individual with a KRA PIN is required to file this return every year regardless of whether they earned an income or not. Non-Residents are however not entitled to any personal relief. Taxation for Non- Resident's Employment IncomeĪny amount paid to Non-Resident individuals in respect of any employment with or services rendered to an employer who is resident in Kenya or to a permanent establishment in Kenya is subject to income tax charged at the prevailing individual income tax rates. With effect from 1st January, 2021 Tax Bands Individual Income Tax is charged for each year of income on all the income of a person, whether resident or non-resident, which accrued in or was derived from Kenya. Methods of collecting Income Tax include:
Income tax is a direct tax that is imposed on income derived from Business, Employment, Rent, Dividends, Interests, Pensions among others.
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